Gildan Activewear Inc. (NYSE:GIL) currently has a daily average trading volume of 562.25K but it saw 334635 shares traded on Wednesday. With a market cap of 5.03B USD, stock’s current market price of $28.85 came rising about 0.45 while comparing to the previous closing price of $28.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $43.42 and as low as $25.67. In the recent trading on the day, stock has struck highest price mark of $28.97 while lowest mark touched by it was $28.44.
Taking a look at 20-day trading activity of Gildan Activewear Inc. (GIL) gives us an average price of $29.09, while its current price level is -33.56% below from 52-week high level whereas it is 12.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $29.70 while that of 200 days or SMA-200 reads an average of $32.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.65% during that period while stretching the period over a month that increases to 3.23%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.03 which implies that the stock is in neutral territory.
Citigroup upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 11, 2021 while assigning a price target range of $36-$44.
Over the week, GIL’s stock price is moving 2.85% up while it is -9.31% when we observe its performance for the past one month. Year-to-date it is -31.94% down and over the past year, the stock is showing a downside performance of -31.65%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2021, when its quarterly earnings per share (EPS) of $0.68 beat the consensus estimate of $0.51 for the same. The company is expected to be releasing its next quarterly report in 02/23/2023, for which analysts forecasted an EPS of $0.55 while estimate for next year EPS is $2.25. For GIL, analysts are forecasting an EPS-growth rate of 1,350.00% for current year and estimate for EPS growth in next year is 8.00%. In next quarter, company is expected to be making quarterly sales of $725.32 million as analysts are expecting the sales for current fiscal year at $2.76 billion and seeing the company making $2.94 billion in sales next year. Moreover, analysts are in estimates of $715.51 million for current-quarter revenue.
Currently, Gildan Activewear Inc.’s total number of outstanding shares is 181.98M with 2.09% of that held by the insiders while 88.67% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 24.10% and return on equity (ROE) at 33.70%. It has a price to earnings ratio (P/E ratio) of 8.60 while having a 9.23 of forward P/E ratio. Stock’s beta reads 1.29. Stock has a price to book (P/B) ratio of 2.83 while price to sale or P/S ratio amounts to 1.52. Its return on asset (ROA) is 19.00% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Caisse de Dépôt & Placement du Qu came shrinking its share ownership by -22.52% in the Gildan Activewear Inc. (GIL) decreasing its stake to 5.00% with control over -2.65 million shares in the company. As per SEC documents, Caisse de Dépôt & Placement du Qu sought 9,134,385 of company’s common stock of worth $288.19 million as per recent closing price of the stock. Caisse de Dépôt & Placement du Qu is not the only institutional holder which restructured its stake in Gildan Activewear Inc., as Vanguard Windsor Funds – Vanguard picked 6,139,590 shares of worth $193.7 million to bring its holdings to a total of 1.34 million shares.